2021 marks the 66th anniversary of the establishment of diplomatic relations between China and Nepal. Over the past 66 years, China and Nepal have been closely linked. Our cooperation under the framework of the Belt and Road Initiative has yielded a series of achievements. Newlongma Auto actively responded to the National "Belt and Road" initiative, and held a signing ceremony with Nepal SEV Group on October 11th. The two sides signed a distribution agreement and the first batch of 100 M70L electric vehicle sales contract, officially starting the cooperation journey. This is Newlongma motor launched this year since the right rudder electric products, signed the first minitruck, minivan overseas order. Right rudder electric logistics vehicle has also become another export weapon of Newlongma automobile.
On October 4th, during the National Day holiday, the first batch of new energy logistics vehicles with right rudder of Newlongma Motor crossed the Gilong Pass in the Himalayas and arrived in Nepal. Nepal SEV Group organized the test drive experience and relevant tests as soon as it received the sample car, and highly affirmed the comprehensive performance and quality of the core three power units of the sample car of Newlongma Motor electric logistics vehicle. This also accelerated the formal cooperation between the two sides, so the two sides officially signed a distribution agreement and the first batch of 100 M70L orders on 11th.
Nepal is a landlocked country in South Asia, located in the southern foothills of the Himalayas, the narrow and narrow terrain has created a very developed minivan transportation in Nepal. In recent years, Nepal's economy has been growing steadily, and the demand for minivan has been growing, while car exhaust has also exacerbated pollution in Kathmandu and other cities. In order to protect the "pure land" under the roof of the world and protect tourism resources, Nepal gives full play to its advantages in hydropower resources and resolutely chooses to develop electric vehicles. As early as 2018, put forward a National Action plan on Electric Mobility, with the goal of "at least 20 percent of the country's vehicles being electric by 2020".
The successful development of Nepal market of Newlongma Automobile is an epitome of the globalization marketing strategy of Newlongma Automobile. Since 2014, in response to the call of China's "One Belt and One Road" initiative, Newlongma auto has actively implemented the "go out" strategy. After several years of deep cultivation in overseas markets, products have been exported to nearly 20 countries and regions in Asia, Africa, the Middle East, South America and so on. In September this year, Newlongma automobile sent technical, production and after-sales backbone to Nigeria, the most populous country and the largest economy in Africa, to assist the M70 CKD project to land there.
Whether it is to build production lines in Nigeria or launch right-wheel new energy electric vehicles in Nepal, Newlongma will always adhere to the pursuit of localization in overseas markets in terms of details, and expand its territory in overseas markets with better products and services.